A Utah-based apartment investment company has bought apartment complexes in Goodlettsville and Murfreesboro for an undisclosed sum. In acquiring The Ridge at Green Haven and Summerlake, Peak Capital Partners has doubled its presence in greater Nashville, and founder and Managing Partner Jamie Dunn said his team expects to invest more in the region. The Ridge at Green Haven has 191 units and is 95 percent occupied while Summerlake has 176 units and is 92 percent full. Peak Capital was founded in 2007 and owns 80 apartment communities in 15 states.
Jonathan Romeo at Brentwood Home Page has the story on Batson & Associates' plan to build a four-in-one auto dealership for Aston Martin, Bentley, Maserati and Rolls-Royce on Mallory Lane north of Moores Lane in Brentwood. The Music City Motorcars project would take up almost five acres and join nearby dealerships for Audi, BMW, Mini and Porsche.
Developers are looking to add more than 100 homes on 149 acres to two Brentwood subdivisions — one new, one an addition to Glen Abbey — east of Wilson Pike near Ravenwood High School. Jonathan Romeo at Brentwood Home Page has the details here.
Executives with Hemlock Semiconductor have decided to permanently close their massive Clarksville factory complex without it ever producing a finished batch of polycrystalline silicon, the rock-like material used in solar panels and semiconductor chips. Hemlock announced six years ago that it would invest more than $1 billion in Clarksville, but a global supply glut and the threat of Chinese tariffs led the company to lay off its 300 local workers in the spring of 2013.
Jimmy Settle has the story for The Leaf-Chronicle.
Now, the company will have to work with local government to determine what parts of the massive facility they built here just within the past few years can perhaps be re-purposed for other business uses.
A Vanderbilt MBA graduate now residing in Florida has acquired Smyrna-based airplane systems company Carpenter Avionics. Mark Lee launched Momentum Aviation Holdings with the aim of buying aviation services companies. As part of his deal for Carpenter, Lee (pictured here) is retaining John DenDekker, who has been Carpenter's general manager since 2011.
“In life, a time comes when it feels appropriate to transition your business to the next generation,” said Fran Carpenter, who has served as CEO and President at Carpenter Avionics since 2010. “I am confident that with this new leadership team’s experience and vision, Carpenter Avionics will thrive and grow.”
Knoxville-based restaurant group Connor Concepts has signed up to build a 7,500-square-foot steak and seafood eatery in the wing being added to the CoolSprings Galleria. The restaurant will be able to host 350 people at a time and be close to where The Cheesecake Factory recently opened its doors on the west side of the mall. From WilliamsonSource:
The project, set to be completed by winter of 2015, just in time for the busy Christmas shopping season, and will be a part of the mall’s redevelopment. The restaurant will be built on the south west side of the center.
SEE ALSO: More on the Galleria's partial redevelopment, which includes the addition of H&M and American Girl
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